The side view camera system market size will be around USD 300 million by 2027, claims a report published by GMI. Inclusion of sophisticated driver assistance systems in vehicles to lower the number of road accidents will accelerate the demand for side-view camera systems. A report published by WHO claims that an approximate 1.35 million deaths are registered each year that involve road traffic crashes. With rising number of road fatalities, automakers are seeking to incorporate advanced systems that assure improved passenger safety.

Replacing side mirrors with side view cameras could have a plethora of benefits like elimination of blind spots, smart parking view, ability to zoom on following vehicles, use in automated collision avoidance, and recording. Several car brands, like Audi, are now offering customers an option of side-view cameras that will display a video feed directly on the infotainment system.

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The demand for high-performance side view camera system market is expected to grow supported by new developments in ADAS systems used in vehicles across countries like Japan, Germany, Italy, France, and the U.S.

Expanding automotive sector of Europe is offering robust growth opportunities to the side view camera system market as the region owns the presence of renowned automakers such as BMW, Volkswagen, Audi AG, and Mercedes-Benz who are constantly focusing on research & development associated with ADAS systems.

The Middle East & Africa is also emerging as a promising business avenue for the side view camera system industry. Improving economic conditions have led to an increase in rising disposable income, positively influencing the car ownership rates. As per a report, in 2020, Dubai’s registered vehicle count increased to 1.83 million in contrast to 1.4 million vehicles recorded in 2015.

In APAC, companies specializing in side view camera systems are investing in R&D activities for offering novel products to tap a major market share. Citing an instance to highlight the same, in 2018, Toyota Motor announced plans to introduce a digital alternative to side-view mirrors in its Lexus sedan.

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Rising number of vehicle purchases is also offering multiple growth opportunities to the side view camera market. As per recent statistics, in October 2020, the passenger vehicle sales in India was recorded at 310,294 units as compared to 271,737 units in October 2019, registering a 14.19% growth. This along with rising demand for integrating driver support systems to ensure the safety of drivers, pedestrians, passengers, and animals on the road could impel the side view camera system market of APAC.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Scope & definitions

1.2    Methodology & forecast parameters

1.3    COVID-19 impact

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    MEA

1.4    Data sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Executive Summary

2.1    Side view camera system market 360º synopsis, 2017 - 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Type trends

2.1.4    Application trends

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